US EditionUSA Rare Earth to Buy Brazil's Serra Verde for $2.8 Billion to Build Supply Outside Asia
The $2.8 billion cash-and-stock deal would give USA Rare Earth access to Serra Verde's production of four magnetic rare earths.
13 Articles
13 Articles
The company USA Rare Earth announced Monday the purchase of the Brazilian company Serra Verde Group in an operation valued at approximately $2.8 billion, with the aim of becoming one of the main actors outside Asia in the production of rare earths. Rare earths are a group of 17 chemical elements indispensable to manufacture permanent magnets used in electric vehicles, wind turbines, electronic devices, robotics and artificial intelligence.
The transaction comprises US$ 300 million in cash and 126.8 million in newly issued ordinary shares of the USA Rare Earth
USA Rare Earth to Acquire Brazil’s Serra Verde in $2.8 Billion Deal
USA Rare Earth said on April 20 that it has agreed to acquire Brazil-based Serra Verde Group in a deal valued at approximately $2.8 billion, marking a significant move to expand production of rare earth elements outside Asia. The Stillwater, Oklahoma-based company said it will purchase 100 percent of Serra Verde through a combination of $300 million in cash and 126.849 million shares of newly issued stock. Based on USA Rare Earth’s closing share…
USA Rare Earth Announces Definitive Agreement to Acquire Serra Verde Group for ~$2.8 Billion, Creating the Global Rare Earth Leader
Secures One of the Industry’s Most Strategic Operations as the Only Scaled Producer of all Four Magnetic Rare Earth Elements Outside Asia, along with a 15-Year 100% Offtake...
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